Recommended to participate: Binance Wallet and Solayer's SOL staking event!
Based on the previous Fragmetric SOL staking event, an APY of over 50% could be maintained for about two days.
Currently, after staking SOL to obtain sSOL, you can achieve an 89% APY.
However, this time two incentives are running simultaneously—another one is BNSOL, which currently offers over 100% APY.
I guess many folks didn't notice this, as everyone was rushing towards the biggest ad banner, 👀
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Redeeming sSOL may take up to two days. As for sBNSOL obtained from staking BNSOL, it seems redemption isn't available yet—probably because it's just launched and they haven't had time to implement it?
Regarding redemption fees, testing suggests there aren't any, and the documentation doesn't mention them either.
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Introduction and derivative gameplay of BNSOL:
Introduction and derivative gameplay of Fragmetric:
Risk reminder: All protocols carry the risk of being hacked. If you're concerned, it's best not to participate.
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